Electric Boat president says $22.2 billion submarine contract provides predictable future for company

4 Dec 2019

Maritime Industry

Electric Boat President Kevin Graney hailed the $22.2 billion contract — the largest shipbuilding contract in Navy history — inked Monday for providing predictability for the company's 17,000 employees and the "entire submarine enterprise."

The contract between the Navy and EB to build at least nine Virginia-class attack submarines over the next five years "is an important milestone as our nation prepares for a generational increase in submarine production," Graney said Tuesday at a news conference at the company's Groton headquarters.